As a follow up to Grimp's post earlier on Thomas Sowell and
Wal-Mart's effect on the economy, I give you this:
However, if we do not quite see the underlying logic of exchange and how it works to help everyone, it is easy to underappreciate what market trading means to society. This is a tendency in the circles that discuss issues of social justice. The market is rarely given the credit it deserves for helping humanity improve its lot. In fact, the market is nothing but the cooperative interaction of humanity in improving the commonweal.
That's from Jeffrey Tucker at the
Mises Econ Blog hosted at the Christian Science Monitor.
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